Each day, hundreds of precious automobiles on your lot and showroom floor are susceptible to a wide range of risks and hazards. To properly protect them, you need an auto dealer insurance policy. The types of coverage available in an auto dealer insurance policy include:
- commercial building insurance (for physical hazards that threaten to damage your property)
- general business liability coverage
- building contents coverage (covers building contents with the exception of tools and equipment)
- owned auto (covers new or used vehicles that the dealership currently owns)
- garage policy (protects cars that customers have left in your care)
- commercial general liability (protects you against liability claims for property damage or personal injury that occurs on account of your operations, products or on your premises)
If you are looking for an auto dealer insurance policy, contact a broker at Regal Insurance today.
Used Car Dealer Insurance
Do you have a business that sells second hand automobiles? If so, you will require a used car dealer insurance policy. At Regal Insurance, we have a wealth of experience providing used car dealer insurance to Ontario business owners. A typical policy will cover many of the items listed in the section above, as well as a few others. They include:
- business interruption (reimbursement for lost income suffered due to unforeseen shut-downs or halting of operations)
- umbrella insurance (covers catastrophic losses and fills in any coverage gaps beyond primary liability policies)
- pollution liability (if your regular operations cause an incident of pollution, this will cover clean up expense)
- deductibles (this is the amount you elect to pay before insurance kicks in to cover a claim. It will affect your annual premium)
- special hazards (hail, earthquakes, floods & sewer backup)
Regal Insurance experts are standing by. Call us to receive a used car dealer insurance quote today.
Get Your Auto Dealer Insurance Quote
At Regal Insurance, we have decades of experience providing insurance for dealerships in Ontario. Our policies are well-crafted, protecting your fleet, while also accounting for all potential liabilities that may arise from your regular day-to-day operations. Your business is important to you and your community. Insurance for dealerships protects buyers and sellers of cars alike, allowing them to safely do business with the knowledge that their property is protected.
Finding the right insurance for your business requires the conscientious involvement of insurance experts who know what questions to ask. At Regal Insurance, we are connected to all of Canada’s major insurance carriers, allowing us to find you the perfect coverage at competitive prices.
For the best insurance for dealerships in Ontario, speak to a Regal Insurance broker today.
Auto Garage Insurance
Read More
Protect Your Business from Cybercrime and Ransomware with the Right Insurance
Cybercrime and ransomware attacks are on the rise, posing significant threats to businesses of all sizes. From data breaches to costly ransomware attacks, the impact...
A Comprehensive Guide to Contractors Insurance in Ontario
Understanding Contractors Insurance Contractors in Ontario face a unique set of risks every day, from potential legal claims to equipment theft and job site accidents....
Navigating Business Insurance: A Comprehensive Guide for Ontario Entrepreneurs
What is Business Insurance? Business insurance is a suite of policies designed to protect businesses from risks and financial losses associated with their operations.These policies...
